Help in inviting views from the folks tracking this company closely - I see the company as fairly undervalued now, and anticipating a turnaround in the PV sales in the near to medium future, consider auto ancillaries would be a good play. I see the company has got low ROCE during the periods (probably owing to low PV sales, issues with its main customer Maruti strike in the Manesar in 2012, hike in raw material prices, etc. and general correlation with the PV sales) post which it has grown profits at a decent pace.
